This section presents data on labor productivity. Productivity is a very important economic indicator because productivity growth is the main source of long-run economic growth.
Labor productivity measures the gross value added that is produced per unit of labor input. Labor productivity is measured in two ways:
(a) Output per worker: This is the main indicator of labor productivity.
(b) Output per hour worked: This metric takes into account the intensity of work by each employed person, such as part-time work and other flexible forms of employment.
The next graph presents the evolution of real labor productivity per person and per hour worked.
Productivity varies significantly across economic sectors. The next graph presents the evolution of real labor productivity for the each sector of the economy.
Productivity varies significantly across firms of different sizes. The next graph presents the evolution of real labor productivity (per person employed) for all firms and for firms of different sizes, in euros and relative to average productivity.